Wednesday, February 21, 2007 18:55 IST
NEW DELHI: Bharat Petroleum Corp Ltd (BPCL), India’s third biggest state-run refiner, on Wednesday said it will sell 49 per cent stake in Bharat Shell Ltd to partner Shell Overseas Investment BV, a unit of Royal Dutch Shell Plc.
“The Board of Directors of the company at its meeting on Wednesday has approved the proposal with regard to sale of 49 per cent of shareholdings held by BPCL in Bharat Shell to Shell Overseas BV,” BPCL said.
Shell in a statement said BPCL and Shell Overseas Investments BV have reached an agreement, subject to regulatory and government approvals for transfer of stake in
Bharat Shell.
“Both the parties recognise the success of their joint venture but believe that the time is right to seek to each focus on their own specific lubricants brands, building these
independently in India, which is an important lubricants growth market,” Shell said.
Neither Shell nor BPCL indicated the sale price.
“This is a great opportunity for enhanced growth in Shell’s lubricants businesses in this emerging and dynamic market” said Vikram Singh Mehta, Chairman, Shell companies in India.
“Shell and Pennzoil branded lubricants are both established in the Indian market and we intend to continue to maintain and invest in both brands in the country,” he added.
Bharat Shell is a joint venture between Shell and Bharat Petroleum for setting up a state-of-the-art lube-oil blending plant at Taloja (outside Mumbai).
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
